Lebanon, Tennessee Income Statistics
Lebanon Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Lebanon Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lebanon | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,201 | $69,901 | $80,455 |
| Median Personal Income | $48,957 | $53,263 | $60,758 |
| Average Yearly Income Growth | 6.8% | 5.2% | 4.8% |
| Six-Figure Earners | 9.5% | 10.4% | 13.9% |
| $200k+ Households | 7.6% | 9.0% | 13.2% |
The median household income in Lebanon is about 2% higher than in Tennessee. Income has been growing faster in Lebanon (6.8%/yr) than in Tennessee (5.2%/yr).
About 9% of adults in Lebanon earn six figures ($100,000 or more) a year, lower than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lebanon, Tennessee grew by 61.9% from 2009 to 2024, reaching $71,201 in 2024. That's an average of about 6.8% per year.
Income Inequality and the Gender Pay Gap in Lebanon
| Metric | Lebanon | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.542 | 0.552 |
| Male Median Income | $58,918 | $61,993 | $69,667 |
| Female Median Income | $47,281 | $50,108 | $56,850 |
| Gender Pay Gap | 19.8% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lebanon, it is 0.513, lower than Tennessee's 0.542, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 25% more than women's income in Lebanon, Tennessee. Over a 35-year career, a 25% wage gap accumulates to roughly $407,295 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Lebanon, Tennessee has stayed about the same since 2009, at around 20%. Over that period the gap was widest at 21% in 2014, and was narrowest at 8% in 2020. In dollar terms, the gap has widened by $3,300 since 2009.
Employment
| Metric | Lebanon | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 4.6% | 5.2% |
| Working from Home | 12.2% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 428 people are unemployed in Lebanon, Tennessee.
The average commute time in Lebanon is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lebanon, Tennessee has fallen from 10.1% to 2.6% in 2024. Over that period the rate peaked at 11.5% in 2013.
Lebanon, TN Wealth Compared With Nearby Cities
How Lebanon, TN compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lebanon, TN | 32,627 | $71,201 #2/2 | 6.8%/yr #1/2 | 2.6% #1/2 | 0.513 #1/2 |
| Mount Juliet, TN | 30,009 | $107,316 | 4.0%/yr | 3.2% | 0.513 |
Conclusion
Considering all these factors, Lebanon, Tennessee has an overall wealth index grade of C, making it about on par with Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lebanon, Tennessee.
How Rich Is Lebanon, Tennessee?
Lebanon has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $71,201, about 2% higher than the Tennessee average of $69,901.
How fast is household income rising in Lebanon, Tennessee?
Between 2009 and 2024, the median household income in Lebanon, Tennessee rose 62%, from $43,979 to $71,201. Over the same years, income here kept pace with Tennessee as a whole: +62% against +63%.
What was the median household income in Lebanon in 2023?
In 2023, the median household income in Lebanon, Tennessee was $68,907, up 10% from $62,640 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Lebanon in 2020?
In 2020, the median household income in Lebanon, Tennessee was $56,852. By 2024 it had risen 25% to $71,201.
How strong is the job market in Lebanon, Tennessee?
Unemployment in Lebanon, Tennessee is only 2.6%, well below the Tennessee rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lebanon, Tennessee?
The Gini coefficient in Lebanon is 0.513. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Lebanon, Tennessee?
The income gap between men and women in Lebanon, Tennessee has stayed about the same since 2009, at around 20%. Over that period the gap was widest at 21% in 2014, and was narrowest at 8% in 2020. In dollar terms, the gap has widened by $3,300 since 2009.
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